On 11 Jan 2013, the Government announced that a seller’s stamp duty (SSD) will be imposed on industrial properties (hereinafter known as “industrial SSD”) which are bought or acquired on and after 12 Jan 2013 and sold or disposed of within three years. The amount of SSD payable shall be computed based on the following rates :

Holding period of 1 year : 15% of price or market value, whichever is higher

Holding period of 2 years : 10% of price or market value, whichever is higher

Holding period of 3 years : 5% of price or market value, whichever is higher

Industrial properties acquired before 12 Jan 2013 will not be subject to SSD.